XML 26 R10.htm IDEA: XBRL DOCUMENT v2.3.0.15
Leases
9 Months Ended
Sep. 30, 2011
Leases 
Leases of Lessee Disclosure [Text Block]

7. Operating Leases

 

The Company leases office space in Utah under an operating lease that expires in May 2013. The Company has forfeited deposits due to non-payment of the rent and is in default of the lease agreement.  Based on the default of the rental agreement, the Company does not foresee continued rental space usage or the recognition of deferred rent. As of November 21, 2011 no resolution of the default has been made.  The Utah property owner is a relative of one of the officers of the Company.

 

On June 15, 2011 the Company received a default judgment from the State of Michigan Judicial Court in conjunction with the default on lease payments to a landlord in conjunction with the Ann Arbor Michigan lease agreement.  The judgment was for $191,160.  The Company entered into a settlement with the landlord for $75,000 which was recorded as an accrued liability.  Subsequent to September 30, 2011, $20,000 was paid on the liability.